Blackstone, VA—23824
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Blackstone, VA
Blackstone, VA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $188,000 | 8.5% |
| Single Family | $188,000 | 8.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $240,000 | 5.7% |
4 Bed | $256,000 | 8.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Blackstone, VA
As of July '25, Rentcast reports the average rent in Blackstone, VA is $1,410, with a year-over-year rent change of 8.5%. Per bedroom, the median rent as of July '25 in Blackstone, VA is 1-bedrooms: $680, 2-bedrooms: $1,260, 3-bedrooms: $1,640, 4-bedrooms: $1,400. The most common rental property sizes in Blackstone, VA are 3-bedroom and 2-bedroom, accounting for 45.6% and 31.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,410 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $680 | $680 |
| 2 Bed Rent | $1,250 | $1,260 |
| 3 Bed Rent | $1,750 | $1,640 |
| 4 Bed Rent | $1,400 | $1,400 |
% of Rental Stock
Property Listings — Blackstone, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Blackstone, VA is 43. This is a decrease of -20.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 55.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $258,000 | -12.0% |
Listing Count | 29 | -39.0% |
| Listings as % of Homes | 1.0% | -39.0% |
Days on Market | 43 | -20.0% |
Demographics — Blackstone, VA
As of the latest ACS Survey released in 2023, Blackstone, VA has a population of 6,650, which has increased by 1.2% over the past 5 years. Blackstone, VA is a moderately popular place for families, as children make up 21.8% of the population. The area has a poorly educated workforce, with 18.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,650 | 1.2% |
% Under 18 | 21.8% | -3.1% |
% Seniors | 20.6% | 8.4% |
% WFH | 8.1% | 20.9% |
% w/ College Degree | 18.1% | 48.4% |
As of the latest ACS Survey released in 2023, Blackstone, VA is a predominantly white area, with 46.2% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Blackstone, VA is black, making up 43.4% of the population. Foreign-born residents account for 2.1% of the population in Blackstone, VA, and this percentage has decreased by 63.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 46.2% | -2.9% |
% Black | 43.4% | -8.1% |
% Hispanic | 6.5% | 32.7% |
% Asian | 0.4% | 100.0% |
% Foreign Born | 2.1% | -63.2% |
Mortgage and Risk — Blackstone, VA
According to HUD data as of 2023, there were 120 mortgage originations in Blackstone, VA, of which 64.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, with 43.0% above 90% LTV (very high). This implies large mortgage risk in Blackstone, VA. Investor activity is low, as 7.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 120 |
% Conventional Loans | 64.0% |
% Government Loans | 36.0% |
% Investor Loans | 7.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Blackstone, VA
As of 2024, the percent of homes in Blackstone, VA under the Section 8 program is 0.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Blackstone, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 27 |
Total Units Section 8 | 3 |
% Rentals under Section 8 | 0.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $550 | $680 | $1,230 |
| 2 Bedroom | $130 | $1,250 | $1,380 |
| 3 Bedroom | $20 | $1,750 | $1,770 |
| 4 Bedroom | $760 | $1,400 | $2,160 |
Affordability — Blackstone, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $188,000 |
| Median Household Income | $59,300 |